Is Lyons, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyons is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Lyons has remained a Seller's Market.

Key Takeaway

Lyons is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lyons, IL

How much do homes in Lyons, IL cost?

Median Sold Price

$250,000

$189/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since March 2023.

Key Takeaway

The sold price of homes in Lyons has remained the same since last year.

Summary: The median home sold price in Lyons was $250,000 in March 2024, the same as last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $80K$105K
+31.3%
2 $223K$173.7K
-22.1%
3 $265K$253.5K
-4.3%
4 $267K$297.5K
+11.4%
5+ $280K$360K
+28.6%

Summary: Lyons housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes decreased by 22.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 28.6%.

Median Sold Price Compared To Nearby Cities

Summit
+10.6%
Riverside Township
+8.4%
Lyons
0.0%
Riverside
-1.9%

Housing Supply in Lyons, IL

How many homes are available in Lyons, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2224+9.1%

Summary: The Lyons real estate market had 24 homes for sale in March 2024, a 9.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 76
-14.3%
3 1010
0.0%
4 34
+33.3%
5+ 23
+50.0%

Summary: The Lyons housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
660.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyons, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Lyons in March 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Lyons, IL

How long does it take to sell a home in Lyons, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
39 Days37 Days-5.6%

Summary: Homes in Lyons had an average of 37 days on market in Mar 2024, down by 5.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lyons are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in Lyons; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Lyons, IL

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